Oil prices fell on Friday after reaching their highest level in three months the previous day on signs that OPEC+ members are complying with supply cuts.
Benchmark Brent crude futures fell 0.9 percent to $82.13 a barrel, while WTI crude futures dropped 0.7 percent to $77.44.
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Market Analysis
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.